Loans in Switzerland

Loans in Switzerland are very popular, and taking a loan in all countries is not the same. It is not important to know all types of loans and their peculiarities, but it is important to familiarize yourself with the terminology that is used and the details that should be paid attention to.
Our Approach
In the following article, you will find options for taking a loan in Switzerland. You will also find all the information about loans in Switzerland so that you can decide for yourself which option is best for you.

In this text, we do not give you financial advice and everything you decide will be your decision.

When it comes to finances, you have to be extra careful, because the decisions you make can affect your life for a long time.

So be well-informed and do your complete research before making any decision.

Loans Options

Credit Mutuo AG, – a portal for comparing loans in Switzerland, is one of the leading online credit providers in Switzerland, based in Basel. They have been active as a financial service provider for over 30 years and our success is primarily due to satisfied, loyal customers who recommend us to others.

You can get personal loans between CHF 3,000 and CHF 350,000 at favorable interest rates from 4.4%. These are offered to you with flexible terms of 6 to 120 months, which allow you to optimally adapt your monthly loan installment to your needs.




  • Permanent employees

As a permanent employee, you have the best conditions for loans of up to CHF 350,000.

  • Foreigners with a C permit

Benefit from top credit conditions with interest from 4.4% with a C permit.

  •  Temporary employees

Temporary employees can receive loans of up to CHF 80,000.

  • Foreigners with B permit

If you have the B permit, you will receive a loan after 6 months.


  • Pensioners: AHV, IV

Pensioners can also receive loans of up to CHF 80,000 up to their 70th birthday.

  • Frontier workers

Benefit from the low Swiss interest rates with a cross-border commuter loan from Mutuo AG.

  • Self-employed

As a self-employed person, you can get top loans of up to CHF 350,000.

  • Foreigners with L permit

You can also get loans in Switzerland with a short-term residence permit., – also a portal for comparing loans in Switzerland, is one of the leading online credit providers in Switzerland. Swiss startup Kreditvergleich was founded in January 2017.

You can get loans offered by credit banks in Switzerland with an interest rate of 4.4% to 9.9%.



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Loans in Switzerland: Good to know

In Switzerland, the cost of getting a loan varies greatly between lenders and individual loan offers. To receive the greatest offer, it is essential to compare loans.

But doing so is only the first step in the process. A loan application and approval process are more challenging. To assess if you are qualified for a loan, lenders each have their own set of requirements.

The most stringent qualifying requirements often apply to Switzerland’s most cheap loans, the majority of which are online loans. Your prospects of receiving the lowest interest rates are slim unless you have great credit.

Benefits of getting loans in Switzerland

For many individuals, a personal loans in Switzerland are an excellent choice because it has several benefits. The fact that it can be applied to nearly anything makes it one of the best. A personal loan in Switzerland can be used to finance a car loan, pay off debts, consolidate debt with the bank, handle unexpected expenses, and more.

Another advantage is that these loans usually have lower interest rates than other loan options. This may result in long-term cost savings for you. They are frequently easier to get than other forms of loans because they frequently only require your paycheck as security.

Moreover, getting loans in Switzerland will help you build a good credit history. Your creditworthiness will increase, and future loans will be easier to obtain if you repay your loan on time. If you’re considering getting a personal loan, you should carefully weigh its benefits and drawbacks to be sure it’s the best option for you. They might be a great alternative to borrowing money from friends or relatives to receive the money you need.

loan in switzerland

Who can issue the loans in Switzerland?

Commercial lending and non-commercial lending are separated under Swiss legislation.

Banks, whether they are full-service banks, distinct business units of banks, specialist lending banks, or dedicated financial institutions, are the most prevalent commercial lenders in Switzerland who provide loans to private individuals.

Crowd lending institutions: The total loan volume given by crowd lenders has been increasing significantly year over year in terms of loans for people, businesses, and real estate. Platforms for crowd lending operate as brokers for lenders and borrowers.

Lenders here are either individual borrowers or business investors (companies). Although crowd lending platforms don’t really make loans, they are nevertheless governed by the Consumer Credit Act when it comes to handling personal loans.

Credit brokers are private persons or businesses that offer commercial brokerage services for personal loans. They oversee the lending process between the bank and the borrower, rather than awarding loans themselves and advising clients on their options. One example of a credit broker is Credaris, a Comparis partner service.

Types of loans in Switzerland

Below are examples of loans for private individuals in Switzerland:

  • Mortgages: secured by the underlying real estate asset
  • Lombard loans: involves lending out easily liquefiable assets such as securities (secured loan)
  • Loans between private individuals
  • Overdraft credit (for bank accounts)
  • Credit cards and store cards
  • Peer-to-peer loans
  • Personal loans
switzerland loan

Car Loans in Switzerland

What is a car loans in Switzerland? If you have no money and want a new car in Switzerland, a car loan can help you buy it – whether the vehicle is new or used. If you get a car loan in Switzerland, you get money from the lender to buy the car. You must agree to the terms that you will repay the funds within a certain period of time, plus any fees and interest that have been agreed upon.

Types of car financing in Switzerland

There are 2 types of financing in Switzerland that you must consider if you decide to buy:


A bank car loan in Switzerland

This is the most common loan application used to buy a new car in Switzerland. Some banks already offer the option of a car loan that is specifically intended for the purchase of a vehicle and that carries a fixed interest rate. This method of financing your new car allows you to buy a car from a dealer and pay for it immediately, while repaying the loan to the bank in installments agreed upon in the contract.

Financing offered to you by the dealer

For several years now, manufacturers have been offering an internal financing service offered by the brand itself through its distributors. , especially for buying a car. In addition to offers, this type of financing includes a higher interest rate than with a bank and can present obstacles when it comes to paying off the loan before the contract expires. They also do not allow you in many cases to sell the car before the end of the financing, because the car book is not with you but with the bank.

Swiss banks, which offer reasonable rates for flexible or fixed mortgages, dominate the mortgage industry. Some plans may be less expensive than other options, but they may also carry a larger risk or have a narrower window for repayment.

The information below serves as a basic introduction to Swiss mortgages. It is suggested that you speak with a mortgage expert to identify the one that best suits your requirements.

Although most of these mortgages are used to purchase homes, certain lenders can let you use the funds to launch a business in Switzerland or become an entrepreneur.

Types of mortgages in Switzerland

The fixed-rate mortgage is the most typical type of mortgage in Switzerland. In this case, the rate of your regular payments is fixed at this amount for the whole term of the policy. This means that your repayment amount is fixed for the duration of the contract, much like the fixed payments you made under a rental agreement when you originally rented a home or apartment.

This kind of mortgage is advantageous since it enables long-term financial planning with the assurance that your spending will not alter. No matter how the market performs, the amount you repay is frozen at a particular interest rate. Before being renewed, this insurance is valid for every 10 to 20 years.

This sort of mortgage has restrictions, such as the fact that you would not profit from falling interest rates and that the total amount you pay could not be modified before its expiration. You can either renegotiate at a new price once the insurance expires or move to a mortgage with a variable interest rate.

Variable-rate mortgages

Variable-rate mortgages are financial products whose costs fluctuate in accordance with market interest rates. This enables price variation for the policy and allows homeowners to profit from falling interest rates. Additionally, they frequently have significantly lower payback costs during the first few years of the insurance. This insurance does, however, carry larger risks because it would be more expensive if interest rates started to climb.

A temporary rate may be offered by many lenders for the first few years of a policy, but once these are over, it may increase significantly. Many policies do not need a minimum payback, allowing for 50-year contracts. Before applying, it’s crucial to make sure that your rate will stay reasonable during the duration of the policy.

LIBOR and SARON interbank offered rate mortgage

Mortgages with variable rates, such as interbank rates or average-rate overnight mortgages, only experience price changes after a predetermined amount of time. A LIBOR (London Interbank Offered Rate) or SARON (Swiss Average Rate Overnight) mortgage’s expenses fluctuate once every predetermined amount of time as opposed to altering every month like a conventional variable rate mortgage. Each change may last for three, six, or twelve months.

This decreases the possibility of sharp increases in interest rates while maintaining the advantages of a more flexible policy. By the end of 2021, LIBOR rates will gradually be replaced by SARON rates, causing interest rates to follow the Swiss market rather than a worldwide gauge headquartered in London.

Banks commonly offer SARON mortgages for four to ten years, which is the standard length of a SARON mortgage.

Bridge loans in Switzerland

The purpose of bridging loans is to help you pay for a new home while your old one is being sold. A bridging loan will temporarily pay the purchase price of your new property till your old one is sold, if you are moving to Switzerland and have bought it before selling your previous one.

These loans only cover about 60 to 80 percent of the value of the home and are only available if you are using the equity in your old house to purchase a new one.

Remember that these loans are considered to be short-term, so make sure to confirm the duration of your coverage. You will need to explain the circumstance to your lender, renegotiate, or obtain a conventional mortgage if your loan matures prior to the sale of your previous residence.

Combined mortgages

Mortgages with several income sources are known as combined mortgages. These loans apply when you pay your mortgage across a number of different bank accounts or your pension.

Regular income, royalties, alimony or child support payments, and pension income from all three pillars are a few of the revenue streams that you can combine. These loans often have reasonable interest rates and might be a great method to swiftly repay your mortgage.

Applications for bank loans in Switzerland are still largely made offline.

Many borrowers still prefer to go in person to a bank or other lender’s branch office. But more Swiss consumers are submitting loan applications online. Nowadays, virtually every lender provides online loan applications. These include:

  • Bob credit
  • Cashgate
  • Cembra Money Bank
  • Credit-now (from Credit Suisse subsidiary Bank-now)
  • Banque Cantonale de Genève (BCGE)
  • Good finance
  • Lend
  • Migros Bank (Migros Bank offers a brick-and-mortar loan and a more affordable online loan as two separate products).
online loan in switzerland
Regarding how digital the application handling procedure is, there are variations amongst lenders. The online lenders with the highest levels of digitalization are typically ones like bob credit and Lend.

Online loans are frequently the most cost-effective personal loans in Switzerland. The borrowers are required to enter all the information for online loans. Due to the fact that you perform some of the jobs yourself, the bank or other online lender saves time and effort. Lenders can offer loans at a somewhat lower cost thanks to these cost savings.

An interest rate’s minimum and maximum are frequently advertised by lenders. Many customers are unable to take advantage of the cheapest deals because the lowest interest rates are only available to those with the best credit histories.

Before submitting an application, take the time to learn whether you will be approved for a loan from a particular lender. Your ZEK credit history will be negatively affected by a refused loan application, which will make it more challenging to receive loans in the future.

Crowdlending platforms

Peer-to-peer (P2P) lending platforms that provide online loans have also started operating in Switzerland more recently. The idea is fairly straightforward. Users can lend money to other users on P2P lending systems (like Lend) and earn interest. The P2P platform manages marketing and credit checks, and it charges a fee for these services.

Be cautious when using online lenders

Online loan brokers frequently advertise on the Internet that they have the greatest loans available. But take care: Not all loan brokers consider their client’s best interests.

Even though a lender’s website has a Swiss domain (.ch), it is typically advised to avoid lenders who are not based in Switzerland. Examine the site’s imprint and contact details carefully to ascertain whether the broker genuinely has a Swiss office.

You can learn about what to expect to pay for loans in Switzerland by first comparing the interest rates of personal loans.

  • Being at least 18 years old and of legal age. Some lenders do, however, impose an upper age limit (not older than 69 years old) beyond which they will not make loans
  • Your home country is Switzerland. Some lenders include Liechtenstein residents in this criteria. Some creditors will also lend you money if you live in the canton that the organization serves
  • You have a reliable job. Under Swiss law, borrowers are not qualified for loans while they are on trial
  • Have a reasonable amount of debt. The prospects of obtaining finance again will be lowered if you have large outstanding balances on other credit. The amount of debt should be in line with your income (with the payment of all loans taking up no more than 35% of our paycheck)
  • Do not report having bad credit to any Swiss credit bureaus (ZEK, CRIF, Intrum Justitia).

Why is it better to apply for a loan online?

A benefit of an online application is that it is processed considerably quicker than a paper application. Instead of waiting days for the bank to review your application, you will often receive a response fairly quickly.

It is also a fantastic method for obtaining the lowest interest rate. Since you are not required to utilize a bank, you can examine the interest rates charged by several lenders and select the one with the best terms.

The best approach to obtaining a personal loan with an attractive interest rate is to have a credit broker compare the interest rates of various lenders. With the help of the loan comparison website, this is simple to do.

You can compare the interest rates of several lenders using the trustworthy platform Miro –  Kredit (e.g., Cembra Money Bank AG). This way, you may obtain the finest terms for your personal loan and avoid the possibility of having negative ZEK entries (the Central Office for Credit Information).

online loan in switzerland

What are some other points to consider when getting a loan in Switzerland?

The notice time for loan cancellation in Switzerland is 14 days. The implication of this is that a loan arrangement may be terminated within two weeks without providing a cause. When you sign the contract, but not before you receive the legal paperwork, the cancellation period starts. Following the conclusion of the legal notice period, the loan and repayment of the loan amount will also be made.

The ideal security for debtors was produced by the Swiss Consumer Credit Law (“KKG”). Since aggressive advertising and current or express loans are prohibited in order to prevent quick and reckless borrowing that could ultimately land people in difficulty, this has been done on purpose.

Loans in Norway

If this is your first time taking loans in Norway. You may be confused about the procedure and how to perform it. We’re here to guide you about the loan in Norway. First of all, we are not a borrower, and second, we do not have any funds to provide you.

Loans in France

If you are looking for loans in France, you will find that there are plenty of options to choose from. You can take out an online loan, a car loan, or a private loan. If you’re looking to buy a house, you may be able to get a home loan. You may also be able to get student loans if you’re going to school in France.

Loans in Ireland

Money is essential in every aspect of our lives. Sometimes we really want to buy our favorite things. But we aren’t able to buy it because we don’t have enough money. These are the situation where loans can help. Loans in Ireland come in several forms to accommodate a wide range of situations and budgets. Banks can give out both secured and unsecured loans.

Loans in Italy

But why do we take up loans? Today, most people take loans due to different reasons. While some are based on personal reasons, others are entirely based on commercial or business factors. In the next few sections, we will be answering questions on where, how, why, what, and which loans are available for you in Italy.

Loans in Poland

There are many banks that offer loans in Poland online, but not all of them have good terms. But don’t worry, here in this article we have discussed all those favorable banks which offer loans with the best terms and conditions.

Loans in Finland

But why do we need a loan? Most people take up loans due to so many reasons. They include buying a new car, a new house, starting a new business, vacation, etc. A loan can help you get anything you want in Finland. But there are some things you need to understand about loans in Finland.

Loans in Spain

Getting a loan in Spain is not such a simple decision, although the advertisements may seem like getting a loan is easy, and it doesn’t have to be that way. A high-quality and detailed review of the current financial situation is the initial step in any loan search.

Loans In Greece

If you are looking for a loan in Greece, and you want to know the best place to find loans, then this article is perfect for you. You will be able to find the essentials about the application process, the different types of loans, and the rates.

Loans In The Netherlands

Are you looking for loans in the Netherlands? Do you want to know what a loan is and what to consider before applying for a loan? Then this article is for you. Here you can find all about loans and taking loans in the Netherlands.

Loans in Denmark

Do you need a loan in Denmark? Do you wish to understand a loan, and what factors to evaluate before obtaining one? Then this is the article for you. This article teaches you all you need about loans and borrowing money in Denmark.